Daily Market Highlights (15.06.10)

  • MSE Share Index recovers by a further 0.1% to close at 3,431.222 points as increases in the share prices of IHI and RS2 Software offset HSBC’s 0.2% decline. All other six active equities closed unchanged. Download a copy of today’s Equity Market Summary.
  • Last week Tumas Investments plc issued a Formal Notice with respect to a new €20 million bond issue at a coupon of 6.2% per annum. The bonds have a final maturity date of 9 July 2020 but may be redeemed early on any date between 9 July 2017 and 8 July 2020. The Issuer reserves the right to increase the amount up to a further €5 million in the event of over-subscription. Further details available here.
  • Also last week Izola Bank plc announced the issue of €7 million 5.35% Secured Notes maturing in 2015. The Issuer reserves the right to increase the amount on offer by a further €2 million in case of over-subscription. This offering is the first tranche from a Debt Issuance Programme amounting to a total of €27 million. Further details available here.
  • IHI climbs 1.2% to regain the €0.83 level on renewed demand. Over 25,500 shares exchanged during today’s session with best bids now at €0.82 whilst lowest offers placed at the €0.895 level.
  • HSBC marginally reverses yesterday’s 2.1% increase as its share price edges 0.2% lower to the €2.875 level. Just over 3,000 shares exchanged today with offers already placed below the last closing price at €2.855.
  • Meanwhile BOV closed unchanged at the €3.28 level on just 1,050 shares. Best bids still in the market at €3.25 whilst further offers pitched at the closing price.
  • FIMBank also unchanged at the US$1.01 level across two trades amounting to 15,473 shares. Best bids now placed at US$0.95 whilst offers already placed below the last traded price at US$1.00.
  • A further 9,700 GO shares trade at the equity’s 2010 low of €1.95. Best bids now pitched at €1.90 whilst further offers remain unsatisfied at the closing price.
  • RS2 Software edges minimally higher to regain its 2010 high of €0.53 across three trades of 8,000 shares. Further offers remain unsatisfied at the closing price. The IT Group yesterday held its Annual General Meeting during which shareholders approved all the items on the agenda including the €0.022 net dividend per share which was paid today.
  • MIA, Medserv and MaltaPost also close unchanged. MIA maintains the €1.60 level on volumes of 13,600 shares. A single trade of 5,000 Medserv shares was transacted at €4.28 with lowest offers now placed at the €4.30 level. MaltaPost unchanged at its 2010 high of €0.90 across four trades totalling 12,500 shares.
  • Last week, Mediterranean Investments Holding plc announced that it has submitted an application for a new 7-year bond issue in a combination of euro, Sterling and US Dollar. The equivalent of €30 million will be on offer subject to an over-allotment option of a further €10 million. Further details on this new bond issue available here.

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